At a Glance
Median Income
$65,625
$26,001 per capita
Home Value
$92,500
Zillow: $141,057
Bachelor's Degree+
12.9%
96.8% high school+
Unemployment
1.3%
0.0% poverty rate
Obesity Rate
43.0%
21.1% smoking rate
How Wallace Compares to the U.S. Average
Each bar shows Wallace's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Wallace a Good Place to Live?
B+
3.8 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Wallace residents earn a median household income of $65,625 , which is 13% below the national average of $75,149.
Per capita income is $26,001. The unemployment rate stands at 1.3% (64% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 326 business establishments, including 28 restaurants.
Housing & Cost of Living
The median home value in Wallace is $92,500 , 67% below the national median of $281,900.
Zillow estimates the typical home at $141,057. The cost of living index is 93.3 (100 = national average). The median home was built in 1938.
Education
12.9% of adults in Wallace hold a bachelor's degree or higher
(62% below the national average).
96.8% have completed high school. Local schools score 5.4/10 in standardized testing.
Climate & Weather
Wallace has an average annual temperature of 52°F (11°C).
Winters average 27°F in January while summers reach 74°F in July. Annual precipitation totals 43.6 inches.
Data Overview
People
Population136
Median Age23.6 yrs
Density971/mi²
Male / Female56% / 44%
Foreign Born0.0%
Veterans2.2%
Economy
A
Median Income$65,625
Per Capita$26,001
Unemployment1.3%
Poverty0.0%
County GDP$534M
Avg Weekly Wage$817
Housing
A+
Home Value$92,500
Rent
Ownership100.0%
Zillow$141,057
Housing Units52
Rent Burden23.8%
Health
Obesity43.0%
Diabetes11.7%
Smoking21.1%
Heart Disease6.8%
Premature Death7,682/100K
Climate
Avg Temp52°F
Rain43.6 in/yr
Elevation704 ft
Education
C
Bachelor's+12.9%
High School+96.8%
Graduate+2.9%
School Score5.4/10
Community
2024 VoteR 78% / D 21%
Commute37 min
Broadband90.2%
Internet Speed86 Mbps
EV Stations1
Libraries2
Did You Know?
The median home in Wallace was built in 1938.
The nearest airport is Vermilion Regional (28 miles).
The Gini coefficient (income inequality) is 0.431 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
23.5% of the population has a disability.
The county recorded 1 fatal vehicle crashes.